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Pharmacies surge on report that Amazon is backing away from prescription drugs

CNNMONEY

Pharmacy stocks are soaring following a report that Amazon might not sell prescription drugs, after all.Rumors have been swirling that Amazon might try to break into the pharmacy business. On Monday, CNBC reported that Amazon has put its plans to sell and distribute pharmaceutical products on hold. An Amazon representative told CNNMoney that the company does not comment on rumors or speculation.Rite Aid and Wal ...